Central America

Central America

20 Jan 2015
The Panama Canal expansion, now 85 percent complete, hit a milestone with the installation of the first gate in
19 Jan 2015
Panama transshipment activity is expected to jump by double digits after the new Panama Canal locks open in 2016 and will be followed by longer-term annual growth of about 5 percent, Drewry Maritime Research said in the latest issue of its Container Insight Weekly.
07 Jan 2015
UPS is expanding its Worldwide Express Freight service, adding new origin and destination points for palletized
07 Jan 2015
An international arbitration panel ruled that the engineering consortium that is building the Panama Canal’s third set of locks has the right to seek payments from the Panama Canal Authority agency for $233 million of the $463 million in cost overruns it's claiming for cement and aggregate.
07 Jan 2015
The new toll structure on container ships proposed by the Panama Canal Authority could produce significant reductions in toll costs for carriers deploying the larger post-Panamax ships that will be able to pass through the expanded locks.
06 Jan 2015
The Panama Canal Authority released proposals for a new toll structure that it has been reviewing with various industry segments for the last year.
05 Jan 2015
The Panama Canal Authority recently cleared the way for building a big new transshipment port at Corozal near the Pacific entrance of the canal that is expected to boost traffic once the current expansion project is completed in early 2016.
31 Dec 2014
The lack of detailed financial information on the Nicaragua canal from project leader HKND Group continued this week with the announcement by chairman and CEO Wang Jing that the company was planning to launch an initial public offering to fund the $50 billion waterway.
Nicaragua piggybank
27 Dec 2014
The Central American canal projects continue to generate questions over funding — where it will come from in the case of the proposed Nicaraguan plan, and where it is going in the Panama Canal upgrade.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
19 Dec 2014
APM Terminals will start construction of a new container terminal in Costa Rica next eyar after scaling the final hurdle facing the long-delayed $1 billion project.